INDIANAPOLIS -- Nearly 300 new jobs are coming to Indiana.
Sallie Mae, which helps students and their families save, plan and pay for college, announced Thursday that it's investing $15.7 million to expand its operations in Indianapolis.
278 jobs will be created by 2018 with average salaries 25 percent higher than Indiana's average wage.
Sallie Mae recently renovated three floors at Woodfield Crossing in northeast Indianapolis to accommodate this growth.
"Today's announcement by Sallie Mae means new job opportunities for nearly three hundred area residents, further reinforcing what we already know: Indianapolis is the economic engine for all of central Indiana," said Indianapolis Mayor Joe Hogsett.
.@SallieMae is investing more than $15.7M in its technology & talent to enhance customer service pic.twitter.com/AJVlLsJg4F
— Ind. Econ. Dev. Corp (@Indiana_EDC) June 30, 2016
The Indiana Economic Development Corporation offered Sallie Mae up to $2,375,000 in conditional tax credits and up to $100,000 in training grants based on the company's job creation plans.
The incentives are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives.
